# PPP loan: HORIZON NAVAL ARCHITECTS INC
> **$320K** approved 02/04/2021 · Charged Off · Loan `3365738407`
## Borrower
- **Name:** HORIZON NAVAL ARCHITECTS INC
- **Address:** 1501 Golfpoint Ct, Winter Springs, FL, 32708-5929
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $320K
- **Initial approval:** $320K
- **Forgiven:** $288K (90%)
- **Forgiveness date:** 05/10/2023
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $320K
- **Utilities:** $1
- **Jobs reported:** 11
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*